Alexander And Suzanne Rhea Foundation
- Assets
- $1.2m
- Revenue
- $66.8k
- Investments
- $1.2m
- Employees
- 0
- Location
- Allendale, NJ
- Founding
- 09/2005
- Data as of
- 12/2022
- EIN
- 20-2828603
Organization Overview
Alexander And Suzanne Rhea Foundation is located in Allendale, NJ. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alexander And Suzanne Rhea Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Alexander And Suzanne Rhea Foundation generated $66.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $185.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Alexander And Suzanne Rhea Foundation has awarded 34 individual grants totaling $545,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana W Hiscock President, Treasurer, Director | 2.5 | $0 | |
Kathryn Hiscock Secretary, Director | 0.5 | $0 | |
Michael R Hiscock Director | 0 | $0 | |
James A Hiscock Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,212 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,354 |
| Capital Gain Net Income | $37,354 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $229 |
| Total Revenue | $66,795 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,310 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,243 |
| Total operating and administrative expenses | $15,553 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $185,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $790 |
| Savings and temporary cash investments | $14,098 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $370,242 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,236,878 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Alexander And Suzanne Rhea Foundation has awarded $170,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
CIS OF GREENBRIER COUNTY PURPOSE: ASSISTANCE TO INDIGENT SCHOOL CHILDREN | $5,000 |
GREENBRIER HUMANE SOCIETY PURPOSE: SPAY AND NEUTER CLINIC | $100,000 |
CENTER FOR FOOD ACTION PURPOSE: FEEDING INDIGENT FAMILIES AND INDIVIDUALS | $5,000 |
NURSE FAMILY PARTNERSHIP PURPOSE: ASSISTANCE TO INDIGENT CHILDREN AND FAMILIES | $5,000 |
FUND FOR THE CITY OF NEW YORK - CASA PURPOSE: ASSISTANCE FOR VULNERABLE CHILDREN | $5,000 |
GREENFAITH PURPOSE: ENVIRONMENTAL AND SOCIAL JUSTICE | $10,000 |